highlights • Prices have stagnated in recent months, and this trend largely continued into July. Median sales prices of detached homes and townhomes fell slightly compared to June in the Greater Vancouver board area, while condo prices were up 2.3%. In the Fraser Valley board area, median townhome and condo prices were unchanged in July, while the detached median price moved up by 1.6%. • Median sales prices continued to trend significantly higher than July 2020’s values, as they were up by 18% for detached homes in the Greater Vancouver board area, 15% for townhomes, and 10% for condos. In the Fraser Valley board area, median sales prices for detached homes were up 31%, for townhomes up 24%, and for condos up 12%.
THE RENNIE ADVANCE median prices
JULY
$2,000,000
vs Jul 2020 18%
July Greater Vancouver Fraser Valley
$1.61 M
$1,600,000
$1,200,000
$1.31 M
$800,000
DETACHED median sales price
vs Jul 2020 31%
$400,000
$0
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
$1,200,000
vs Jul 2020 15%
July Greater Vancouver Fraser Valley
$899,900
$1,000,000
$800,000
$600,000
$725,000
$400,000
TOWNHOME median sales price
vs Jul 2020 24%
$200,000
$0
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
$1,000,000
vs Jul 2020 10%
July Greater Vancouver Fraser Valley
$800,000
$649,900
$600,000
$400,000
$449,900
CONDO median sales price
$200,000
vs Jul 2020 12%
$0
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of August 2, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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